9月末境外机构 持有银行间市场债券3.78万亿元

Core Insights - The People's Bank of China Shanghai Headquarters reported that as of September 2025, foreign institutions hold 3.78 trillion yuan in the interbank bond market, accounting for approximately 2.2% of the total custody amount in this market [1] Summary by Category Foreign Holdings - Foreign institutions hold 2.00 trillion yuan in government bonds, representing 52.9% of their total holdings - Holdings in interbank certificates of deposit amount to 0.86 trillion yuan, making up 22.8% - Policy financial bonds held by foreign institutions total 0.77 trillion yuan, which is 20.4% of the total - Other types of bonds held amount to 0.15 trillion yuan, accounting for 3.9% [1] Market Participation - In September, 11 new foreign institutional entities entered the interbank bond market - As of the end of September, there are 1,176 foreign institutional entities in the market - Among these, 612 entered through settlement agency channels, 837 through the Bond Connect channel, and 273 used both channels [1] Trading Volume - In September, the trading volume of foreign institutions in the interbank bond market was approximately 0.96 trillion yuan - The average daily trading volume was around 41.7 billion yuan [1]